Ebay signboard stamped NFT

eBay Rethinks NFT Strategy Amid Web3 Team Layoffs

eBay is reportedly reassessing its approach to NFTs after making significant cuts to its Web3 division. According to NFTgators, more than 30% of the Web3 team has been laid off, including Stef Jay, the business and strategy officer. The relationship between eBay and KnownOrigin, a previously acquired NFT marketplace, has deteriorated, leading to the departure of David Moore, one of Knownorigin’s founders. As a result, eBay has suspended all digital art initiatives.

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YUGA Labs and PROOF banners

Yuga Labs Acquires PROOF, Expanding Web3 Lifestyle and Media Portfolio

Yuga Labs, a leading web3 lifestyle and media company, has acquired PROOF, including its PROOF Collective and Moonbirds collection, in a strategic move to solidify…

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Ordinals DDos Attack written beside Bitcoin logo

Ordinals Website Hit by First DDoS Attack, NFT Minting Disrupted

The Ordinals project, pioneering the controversial minting of NFTs directly onto the Bitcoin blockchain, faced its first major hurdle today as a coordinated DDoS attack crippled its website. The attack, aimed at overwhelming the Ordinals infrastructure with junk traffic, caused widespread service disruptions and effectively halted the minting process for new Ordinal NFTs.

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Picture of Trump titled Cashing Out ETH

Former US President Trump’s Team Cashing Out ETH from NFT Sales

Former US President Donald Trump’s team is making a stunning about-face in the world of cryptocurrency, offloading millions of dollars worth of Ethereum (ETH) earned from his controversial NFT collection, the Trump Digital Collectible Cards. This news, revealed by blockchain research firm Arkham, has triggered a wave of speculation about Trump’s true stance on crypto and the future of his NFT venture.

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